IVA or Bankruptcy

Yes, although it may be more challenging to get a mortgage if you are in an IVA, it is possible. A higher deposit will likely be required and only certain lenders will consider your application.

The longer the IVA has been settled, the better. Typically, after 12 months, the deposit requirement may decrease, and more lenders may be willing to consider your application.

Yes, you can apply for a mortgage after being discharged from bankruptcy for at least 9-12 months. The longer the discharge period, the more favourable the terms may become.

The deposit required will vary depending on how long it has been since your bankruptcy was discharged. Typically, a larger deposit is required initially, but this may decrease over time.

Improving your financial situation, maintaining a steady income, and saving for a larger deposit can all help. We can provide tailored advice based on your circumstances – contact us today.

Your interest rate may be higher due to the perceived risk, but we will work to find the most competitive rates available for your situation.

The most important thing is not to be discouraged. We will work with you to explore other lenders who may be more suited to your financial situation.